Yik Yak, an anonymous local messaging app for college and university students, raised a $10 million Series A led by DCM with participation of Azure Capital Partners, Renren Inc. and Tim Draper. Alan Masarek, co-founder and former CEO of Quickoffice, and David Chao of DCM, join Yik Yak’s board of directors.
The startup previously raised a $1.5 million Seed Round from Vaizra Investments, DCM, Azure Capital Partners and several other angels in April.
Founded in late 2013 by Brooks Buffington and Tyler Droll as a local communications app for their alma mater Furman University, Yik Yak quickly attracted users beyond the campus and beyond the target demographic. The app became very popular among high school students, leading to all sorts of problems ranging from bullying to bomb threats. The Yik Yak team answered by geofencing every high school in the US, making it unavailable outside of college and university campuses.
The team recently launched PEEK, a feature that enables users to access conversations and updates in their local universities or communities from outside of the local radius in order to stay connected.
Yik Yak and its investors see a shift towards anonymous, private and unfiltered forms of social networking and communications with the app being in the center of this shift. The new funding will be used to expand the team, further develop the Yik Yak iOS and Android apps as well as for international expansion.
- Yik Yak Raises $10 Million to Grow Hyper-Local Social Networking | Marketwired
- Yik Yak Raises $10 Million to Move Beyond Being a Gossip App | WSJ
- Yik Yak, A 7-Month-Old School Gossip App That’s Spreading Like Crazy, Has Raised $10 Million | Business Insider
- Anonymous Social Messaging Discovers That Location Matters | TechCrunch
- Anonymous messaging app Yik Yak grabs $10M to be the ‘Twitter of your college campus’ | VentureBeat
- Yik Yak, Geofencing and the Future of BYOD | EDUKWEST
- HEDLINE: Yik Yak raises $1.5 million Seed Round | EDUKWEST